A Promise Is A Promise

wealthymattersCredit Suisse had offered Tatas a financing package that helped it aggressively outbid its Brazilian rival for Corus Steel in the UK. Once the deal was done, two other MNC banks approached the company’s top brass with a more comfortable funding plan involving cost savings of about $400 million. As Tata Steel weighed in favour of the new funding option, Credit Suisse fetched up with a letter from the Tatas showing its commitment to $120 million in fees whether or not the financing was availed from it.Bombay House top brass was left fuming that a bank had the temerity to place a demand on them. But when the matter was taken up to the then group chairman Ratan Tata, his decision was simple: There was a commitment made to Credit Suisse which must be honoured. Having paid the European bank, Tata Steel went ahead with the cheaper financing option.

Make Things Happen

wealthymattersGo found a company to solve a problem.

For The Kind Attention Of Mr Anil Ambani


As an e-mail to you office on the 31st of July has gone unacknowledged and phone calls to landline numbers publicly listed as those of your office went unattended on the following Monday, please allow me to make you aware of my recent experiences with RCom. Read more of this post

The 2 Great Inspirations Of My Life


Lijjat and Freelance Programmers, the 2 great inspirations of my life.

Both were started with next to nothing by way of initial investment.

Both organizations show how much nonsense all talk of necessary overheads is. Love their flexible thinking.

Love the many little revolutions they brought about as women found ways to make their own money.

Love the way they could compete and win against the world’s best with no hand outs from governments or charities.

Love their quality control processes.

Top Industries To Make And Grow Money


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